Reply to Yes, tiny violin - did anyone else struggle first years of law partnership?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DH was in a very similar position except that while he was a mid-level associate, a young partner clued in DH. Basically, we saved a ton to try to stay ahead of the buyin, capital calls, deferred comp, quarterly taxes, etc. Sounds like OP started spending money and expanding lifestyle/expenses without calculating the future financial situation. Just how most others do it too.  Still, a problem of your own making. [/quote]

Oh, massive eye roll, lady. We bought a house. And sent a kid to school. Get over giving yourself gold stars for handling your husbands income so well. [/quote]

You're the one who can't figure out how to survive on $240K/yr after taxes?
And you are rolling your eyes? [/quote]
Yes, it’s a lot of money. It’s also less than we made previously. That’s the issue. Thank you for taking the time out of your busy day feeling morally superior and managing your husbands income to look down upon me.[/quote]

OP I just posted, and am reading the thread. You really are going to have to get used to this as a partner. You might make even less next year. DH is making less than two years ago, and he's up a band. It's because the firm is being conservative based on the market. I really hate the uncertainty, too, but you're going to have this every single year, so you have to make peace with it. (I mean it really is tiny violins in the scope of things.) I mentioned finding an accountant who works with a lot of partners, who knows the financial structure. Things will change year to year. You might have to pay in an extra state or overseas if they open an office. The firm may have you pay a tax, but then they pay it. The other thing you can do is to get more business, so you can go up a band. That will mean more money. [/quote]

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